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mr Goodwill [35]
2 years ago
13

Admire County Bank agrees to lend Givens Brick Company $600,000 on January 1. Givens Brick Company signs a $600,000, 8%, 9-month

note. The entry made by Givens Brick Company on January 1 to record the proceeds and issuance of the note is Group of answer choices
Business
1 answer:
zheka24 [161]2 years ago
3 0

Answer:

The journal entry which is to be reported on January 1 is shown below:

Explanation:

The journal entry which is to be reported on January 1 for the issuance is as:

On January 1

Cash A/c............................Dr  $600,000

    Notes Payable A/c..........Cr  $600,000

Being the issuance as well as proceeds of the note is recorded

On January 1, the company issues as well as proceeds the note, so, the cash account is debited as the cash is increasing and any increase in asset is debited. Therefore, the cash account is debited. And the note will become payable, which lead to increase in liability and any increase in liability is credited. So, the notes payable is credited

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ANSWER:

a. taxes

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The actual cost of direct materials is $10.50 per pound. The standard cost per pound is $11.75. 42) During the current period 10
emmainna [20.7K]

Answer:

Direct materials efficiency variance =  1175 unfavorable

so correct option is C) $1,175 unfavorable

Explanation:

given data

actual cost = $10.50 per pound

standard cost per pound =  $11.75

current period  = 10,000 pounds

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to find out

direct materials efficiency variance

solution

we get here Direct materials efficiency variance that is express as

Direct materials efficiency variance = Standard rate × ( Standard quantity - Actual quantity )     ..................1

put here value in equation 1 and  we get

Direct materials efficiency variance =  11.75 × ( 10000 - 9900 )

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3 years ago
Kocher Steel typically achieves one of three production levels in any given year: 8 million pounds of steel, 10 million pounds o
AveGali [126]

Answer:

Fixed cost

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Variable costs are costs that change with change in the quantity of the goods or services produced by the business. For example the cost of raw materials.

Fixed costs are costs that do not change with change in the quantity of the goods or services produced by the business. For example interest payments.

In the given question, payment of $10 per pound has to be made no matter what the production level for the year, so this is an example of <u>fixed cost</u>

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olga2289 [7]

The multiplier applies to the investment, net exports and government spending.

<h3>What is a multiplier?</h3>

This refers to an economic factor that of increased, it can causes an increases in many other related economic variables.

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Therefore, the Option A is correct.

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1,437.50

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